BIRMINGHAM, Ala. -- Under a new fiscal calendar, Bruno's here reported net earnings of $4.2 million for the 13-week first quarter ended April 27 vs. a $4.6 million net loss in a 14-week quarter a year ago.
ble 13-week periods.
According to William J. Bolton, chief executive officer, "Sales for the quarter were good, despite competitive pressures, including the opening of seven new Wal-Mart Supercenters in our trade area. Our margins are improving as we continue to make progress on shrinkage control. Also, our cash position remains very strong."